{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Patience Pays: The Power of Delayed Gratification","description":"Sometimes it\u2019s hard to make financial sacrifices when the reward might not be seen until several years in the future. Today we\u2019ll talk about some of the situations where you might be inclined to take the immediate benefit when you should really consider the delayed rewards\u2026 We\u2019re excited to be back with you as we kick off the 2024 season of the podcast! As usual, we\u2019ll answer some fun getting-to-know-you questions and share a few great quotes to start the show. Along with our discussion on delayed gratification in financial planning, we\u2019ll also take a look at an interesting article from Barron\u2019s, titled, \u201cAmericans\u2019 Retirement Thinking Is Stuck In The Past.\u201d For this week\u2019s mailbag question, Howard from Vermont asks if he should start taking Social Security earlier than planned because of an unexpected health diagnosis. For this week\u2019s Retirement Ride Along segment, we\u2019ll talk about the trip to New York that Matt surprised Sam with for New Year\u2019s Eve.     Here\u2019s some of what we discuss in this episode: Reflecting on the last few months and traveling over the holidays (4:24) Get-to-know-you questions: Small things, time travel, favorite ages, and more! (7:45) Quotes of the week from John Jacob Astor and Chris Brogan (21:35) Barron Article: \u201cAmericans\u2019 Retirement Thinking Is Stuck In The Past. How To Fix It.\u201d (23:20) Main topic: The Power of Delayed Gratification (34:34) Mailbag: \u201cI just received a medical diagnosis that will almost certainly shorten my life. I had planned to wait until 70 to start taking Social Security, but now I think I should start it now. Do you agree?\u201d (49:40) Retirement Ride Along: A surprise trip to New York for New Year\u2019s Eve (54:38)   Want to contact us?  Call 888-228-8814 or visit us online at https:\/\/incomeforlife.org and check out Folds of Honor at https:\/\/foldsofhonor.org to support their mission.   Get your free copy of Preparing for Retirement:  Call (888) 228-8814 or email info@incomeforlife.org   Links From Today\u2019s Show: Barron\u2019s Article https:\/\/www.barrons.com\/articles\/retirement-savings-social-security-pensions-cd9d916d Robert NYC                                                                                       https:\/\/robertnyc.com\/ Superfine Restaurant https:\/\/www.superfine.nyc\/ Sparks Steak House https:\/\/sparkssteakhouse.com\/ Blue Note New York https:\/\/www.bluenotejazz.com\/nyc\/ ","author_name":"The Income For Life Show","author_url":"https:\/\/www.incomeforlife.org\/","html":"